Business Times

MphasiS Lanka to enter into a contract with a multinational firm soon

MphasiS, a leading Indian IT services provider launched its Global Delivery Centre in Colombo, announcing a possible link up with a multinational company. Ganesh Ayyar, CEO MphasiS revealed that the company plans to enter into a contract with a multinational firm to outsource services starting next month. He declined to name the multinational company. If the contract materializes, the company will recruit around 500 to 1,000 youth, he said. "This number would be growing 3,000 to 5,000 youth within 36 months," Mr. Ayyar said.

He noted that MphasiS Lanka has aggressive plans to strengthen its presence in financial services, insurance, capital markets, telecom and healthcare servicesworld wide with an investment of US $ 3.5 million. It will join MphasiS’ network of Delivery centres providing Applications, Business Process Outsourcing (and Information Technology Outsourcing services to clients all over the world, he added. “Our launch is a testimony to our well laid out plans and are working closely with the Board of Investment of Sri Lanka to play a pivotal role in redefining the IT landscape in the country.” MphasiS has so far recruited 55 young IT graduates and GCE Advanced Level qualified youth to manage infrastructure and application services. The centre was formally inaugurated by Basil Rajapaksa, Minister of Economic Development at Orion City, Dr. Danister De Silva Mawatha, Colombo 9.

Speaking to Sunday Times on the sidelines of the launching ceremony, Mr. Ayyar said that MphasiS has hired Boston Consulting Group to revamp its business structure. This will help the company grow direct channel business, apart from increasing overall organisational effectiveness, he added. MphasiS was looking at opportunities to buy companies that have a annual revenue of $50 million to $100 million to strengthen its presence in financial services, insurance, capital markets, telecom and healthcare services, he said.

The company plans to hire over 2000 people in the next three years in Sri Lanka. With over 38,000 employees, MphasiS, has a presence across America, Europe, Australia, Asia Pacific, Japan and India. Employees at the Sri Lanka centre will be part of MphasiS Global Talent Pool and groomed as a part of MphasiS Talent Development Program.

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